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Net Loss Per Share
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Net Loss Per Share Net Loss Per Share
The following is a summary of the basic and diluted net loss per share computation for the periods presented and has been retroactively adjusted to reflect the Reverse Stock Split (see Note 1 — Organization for additional details):
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands, except share and per share data)2021202020212020
Net loss attributable to common stockholders (in thousands)
$(11,124)$(12,288)$(35,711)$(24,362)
Adjustments to net loss attributable to common stockholders(40)— (120)— 
Adjusted net loss attributable to common stockholders$(11,164)$(12,288)$(35,831)$(24,362)
Weighted average shares outstanding — Basic and Diluted13,093,486 12,772,176 12,892,382 12,757,376 
Net loss per share attributable to common stockholders — Basic and Diluted$(0.85)$(0.96)$(2.78)$(1.91)
Diluted net loss per share assumes the vesting or conversion of restricted shares and Class A Units into an equivalent number of unrestricted shares of Class A common stock, unless the effect is antidilutive. Conditionally issuable shares relating to the 2020 OPP (see Note 11 — Equity-Based Compensation for additional information) would be included in the computation of fully diluted EPS on a weighted-average basis for the three and nine months ended September 30, 2021 and 2020 based on shares that would be issued if the balance sheet date were the end of the measurement period. No LTIP Unit share equivalents were included in the computation for the three and nine months ended September 30, 2021 or 2020 because no LTIP Units would have been earned based on the trading price of Class A common stock including any cumulative dividends paid (since inception of the 2020 OPP) at September 30, 2021 or 2020. There was also no impact from any of the Company’s other potentially dilutive securities during the three and nine months ended September 30, 2021 or 2020 due to the net losses in both periods.
The Company had the following weighted-average common share equivalents for the periods indicated, which were excluded from the calculation of diluted net loss per share attributable to stockholders as the effect would have been anti-dilutive. The amounts in the table below have been retroactively adjusted to reflect the Reverse Stock Split (see Note 1 — Organization for additional details):
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Unvested restricted shares (1)
25,343 5,694 15,216 5,634 
Class A Units (2)
— 6,285 7,054 2,135 
Class B Units (3)
— 34,173 — 54,980 
LTIP Units (4)
4,012,841 43,618 4,012,841 14,645 
Total weighted-average anti-dilutive common share equivalents4,038,184 89,770 4,035,111 77,394 
__________
(1) There were 25,172 and 5,516 unvested restricted shares outstanding as of September 30, 2021 and September 30, 2020, respectively.
(2) Formerly known as OP Units. As of September 30, 2021, there were no Class A Units outstanding. As of September 30, 2020, there were 13,100 Class A Units outstanding (see Note 7 — Stockholders’ Equity for additional information).
(3) There were no Class B Units outstanding as of September 30, 2021 and September 30, 2020, (see Note 7 — Stockholders’ Equity for additional information).
(4) There were 4,012,841 LTIP Units outstanding as of September 30, 2021 and 2020, respectively (see Note 11 — Equity-Based Compensation for additional information).